Las Vegas Housing Top Issue for 2008
Las Vegas housing market with continued Las Vegas foreclosures are the top issue for 2008. More than half of the 25,000 Las Vegas homes on the market listed for sale are vacant. With over 60% of the Las Vegas foreclosed homes not owner occupied and most are owned from out of town buyers.
Employment growth along with the population slowing in Las Vegas has created less consumer spending. The State of Nevada will have a $500 million dollar deficit. Obviously education and transportation will continue to take a hit in the Nevada budget.
The future still looks bright with Las Vegas getting bigger with all the resorts under construction on the Strip, Plaza Las Vegas and M Resort on the horizon in 2009 plus the downtown development of Union Park.
Las Vegas Housing Top Issue for 2008
